IPO Allotment of Jhapa Energy Limited Completed

Kathmandu – The IPO allotment of Jhapa Energy Limited, which was issued to the general public from Bhadra 20 to Bhadra 30, has been completed today.

According to the issue manager, Himalayan Capital Limited, a total of 47,327 applicants received 10 shares each, while 6 applicants received 11 shares each. Investors can check the IPO results through Himalayan Capital, their MeroShare accounts, the CDS and Clearing website (https://iporesult.cdsc.com.np/), and the company’s official website.

Jhapa Energy had received approval from the Securities Board of Nepal (SEBON) on Ashad 31 to issue a total of 950,475 shares at a par value of Rs. 100 per share.

Out of the total issuance, 10% (380,190 shares) were allocated to locals of the project-affected areas and 15% (57,029 shares) to Nepalis working abroad, both of which have already been allotted.

In addition, 28,514 shares were reserved for mutual funds and 11,406 shares for company employees. The remaining 473,336 shares were opened for the general public, which have now been allotted.